Closing Costs Calculator
Estimate your itemized closing costs and total cash to close for any home purchase. Select your state to include the correct transfer taxes and see every fee line by line.
e.g. 350,000
e.g. 20%
e.g. 6.75%
Affects prepaid interest
% of home value per year
Annual premium amount
Estimated Closing Costs
$9,588
2.74% of purchase price
Cash to Close
$79,588
Down payment + closing costs
| Lender Fees | |
| Origination Fee | $2,800 |
| Appraisal Fee | $500 |
| Title & Government | |
| Title Search | $250 |
| Lender's Title Insurance | $1,120 |
| Owner's Title Insurance | $1,050 |
| Recording Fees | $125 |
| Transfer Tax(California) | $385 |
| Prepaids & Escrow | |
| Prepaid Interest(15 days) | $777 |
| Homeowners Insurance (1 year) | $1,200 |
| Property Tax Escrow (2 mo) | $642 |
| Insurance Escrow (2 mo) | $200 |
| Settlement | |
| Escrow/Settlement Fee | $540 |
| Total Closing Costs(2.74% of price) | $9,588 |
Cost Breakdown by Category
Lender Fees
$3,300
34.4% of total
Title & Government
$2,930
30.6% of total
Prepaids & Escrow
$2,818
29.4% of total
Settlement
$540
5.6% of total
How to Use This Closing Costs Calculator
Get your itemized closing cost estimate in under a minute. Follow these steps:
- Enter the purchase price and your down payment percentage — the calculator will automatically compute your loan amount and down payment dollar amount.
- Choose your loan type — Conventional, FHA (adds 1.75% upfront MIP), or VA (adds 2.3% funding fee for first use). Each type affects your lender fee line items.
- Select your state — transfer taxes range from 0% to 2%+ depending on location and can be one of the largest variable costs in your closing estimate.
- Adjust interest rate and days to closing — these affect your prepaid interest at settlement. More days to close means higher prepaid interest.
Results update in real time as you type. Use the Share button to copy a link with your inputs pre-filled, or Print to save a PDF for your records.
Closing Cost Formulas
Loan Origination Fee
Origination = Loan Amount × 1%Industry standard range is 0.5–2%. This calculator uses 1%.
Prepaid Interest
Daily Interest = Loan × Rate / 365
Prepaid = Daily Interest × DaysCovers interest from closing date to end of month.
Transfer Tax
Transfer Tax = Purchase Price × State RateVaries widely by state — from 0% to over 2%.
Cash to Close
Cash to Close = Down Payment + Total Closing CostsThe full amount you must bring to the closing table.
FHA Upfront MIP
FHA MIP = Loan Amount × 1.75%Required on all FHA loans regardless of down payment.
VA Funding Fee
VA Fee = Loan Amount × 2.3%For first use with 0% down. May be financed into the loan.
Top 10 States by Transfer Tax Rate
| State | Rate | On $300K Home |
|---|---|---|
| Pennsylvania | 2.0% | $6,000 |
| Delaware | 1.5% | $4,500 |
| Vermont | 1.25% | $3,750 |
| Washington | 1.28% | $3,840 |
| New Jersey | 1.0% | $3,000 |
| Washington D.C. | 1.1% | $3,300 |
| New Hampshire | 0.75% | $2,250 |
| Connecticut | 0.75% | $2,250 |
| Michigan | 0.75% | $2,250 |
| Virginia | 0.25% | $750 |
Many states (Alaska, Idaho, Indiana, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Texas, Utah, Wyoming) charge no transfer tax at all. Local municipalities may add additional transfer taxes on top of state rates.
Frequently Asked Questions
Closing costs typically range from 2% to 5% of the purchase price. On a $300,000 home, expect $6,000–$15,000. Buyer costs are generally higher than seller costs and include lender fees, title insurance, escrow setup, and prepaid expenses like homeowners insurance and property taxes.
Buyers typically pay: loan origination fee (0.5–1% of loan), appraisal fee ($300–$600), title search and lender's title insurance ($700–$2,000), owner's title insurance (optional, $500–$1,500), escrow/attorney fee ($500–$1,500), recording fees ($50–$250), prepaid interest, homeowners insurance upfront, and property tax escrow setup.
Sellers typically pay: real estate agent commissions (5–6% of sale price, the largest cost), transfer taxes (varies by state), attorney fees in attorney-closing states, and sometimes seller concessions negotiated with the buyer.
Some closing costs can be financed into the loan amount (called a "no-closing-cost mortgage"), but this increases your loan balance and the total interest you pay over time. FHA, VA, and USDA loans allow certain fees to be financed. Always compare the total cost of rolling in versus paying upfront.
A real estate transfer tax (also called deed tax or stamp tax) is a government fee charged when property ownership transfers. Rates vary widely: some states charge nothing (Alaska, Idaho, Indiana, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Texas, Utah, Wyoming) while others charge up to 2% or more (Pennsylvania charges 2%, New York City up to 1.4%).
Closing costs are the fees and prepaid expenses you pay at settlement. Cash to close is the total amount you must bring to closing, which includes your down payment plus closing costs minus any deposits already paid (earnest money) and minus any seller concessions.
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